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The increased demand for high-end skincare products is driving up the global marker CAGR for skincare in the UK. Consumer expenditure on upscale personal care and beauty products has increased as a result of more people working and having more money to spare. The female population of the country is opting to use anti-aging, sun protection moisturizers, and other treatments to maintain longer-lasting youthful skin. Leaders in the field are also creating wrinkle and fine line removal products with high-end ingredients like hyaluronic acid and collagen.
The UK skincare market has been subject to several notable trends in recent years, reflecting shifts in consumer preferences, technological advancements, and a growing focus on health and wellness. One significant trend is the increasing demand for natural and organic skincare products. Consumers are becoming more conscious of the ingredients in their skincare items, leaning towards products with fewer chemicals and more natural formulations. This shift is driven by a desire for healthier and environmentally friendly options, with many consumers associating natural ingredients with gentler and safer skincare solutions.
Moreover, the rise of technology and digitalization has played a pivotal role in shaping the UK skincare market. E-commerce platforms have become a preferred channel for purchasing skincare products, offering consumers the convenience of shopping from home and access to a wider range of products. Online retailers and direct-to-consumer brands have gained prominence, challenging traditional brick-and-mortar stores. Social media platforms also play a crucial role in influencing consumer choices, with skincare influencers and beauty bloggers shaping trends and driving product awareness.
Anti-aging products have consistently maintained their popularity in the UK skincare market. With an aging population, there is a growing demand for skincare solutions that address fine lines, wrinkles, and other signs of aging. Consequently, the market has witnessed a surge in the development and marketing of anti-aging creams, serums, and treatments. Brands are innovating to incorporate cutting-edge ingredients and technologies to cater to this specific consumer need.
Another trend in the UK skincare market is the increasing awareness and demand for sustainable and eco-friendly products. Consumers are becoming more environmentally conscious, and this awareness extends to their skincare choices. Brands that emphasize sustainability, cruelty-free practices, and eco-friendly packaging are gaining traction. This trend aligns with a broader global movement towards responsible and ethical consumerism.
Furthermore, inclusivity and diversity have become essential considerations for skincare brands. Consumers are increasingly seeking products that cater to a diverse range of skin types, tones, and concerns. Brands that prioritize inclusivity in their marketing, product formulations, and shade ranges are resonating well with a more diverse consumer base. This reflects a broader societal shift towards celebrating diversity and rejecting one-size-fits-all beauty standards.
The impact of the COVID-19 pandemic has also left its mark on the UK skincare market. The increased focus on hygiene and self-care during lockdowns contributed to a surge in skincare sales. Consumers turned to skincare routines as a form of self-care, leading to increased demand for products like cleansers, masks, and serums. However, economic uncertainties and changes in consumer spending patterns during the pandemic also influenced purchasing decisions, with some consumers opting for more budget-friendly skincare options.
UK Skincare Market Highlights:
UK Skincare Market Overview
UK Skincare Market Size was valued at USD 4.5 Billion in 2022. The skincare market industry is projected to grow from USD 4.6 Billion in 2023 to USD 5.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.00% during the forecast period (2023 - 2032). The desire of consumers to use high-end skincare products is a market driver in the skincare industry in the United Kingdom. Due to an increase in skin issues, consumers in the nation are choosing to utilize skincare goods like cleansers, serums, moisturizers, and other items.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
UK Skincare Market Trends
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Growing need for premium skincare products is driving the market growth
The marker CAGR for skincare in UK is growing as a result of increasing need for high-end skincare products. The number of people working and having more spare cash has led to an increase in consumer spending on high-end personal care and beauty items. For longer-lasting youthful skin, the nation's female population is choosing to utilize anti-aging, sun protection moisturizers, and other treatments. The industry leaders are also developing wrinkle and fine line removal solutions that contain premium components like collagen and hyaluronic acid. Moreover, well-known companies have developed their online presence using a variety of strategies, including the introduction of applications, site redesigns, advertising, and promotions to draw in customers. The No 7 brand introduced a high-end line of skincare products in April 2023 that reduce skin deterioration in a matter of weeks. Because there is a growing market need for high-quality products, premium skincare products are anticipated to see an increase in demand over the medium term.
The growing demand for organic and natural personal care products in the nation is being driven by the growing popularity of goods made with natural ingredients such as fruit extracts, plant and herb extracts, and aromatherapies. hence expanding the nation's market for skin care products. The market saw high-end skincare brands become more and more popular. Furthermore, the need for skin protection goods is rising in the nation due to the changing climate and rising issues like pollution and UV rays. Organic and vegan skincare products, such as anti-aging creams, serums, moisturizers, and many more, are becoming more and more popular among female consumers. As a result, the market's major participants are diversifying the products they offer. For instance, the Indian skincare company Forest Essentials debuted its goods on lookfantastic.com, a website based in London, in November 2021. The company offers over 600 high-end skincare and cosmetics items. Thus, driving the skincare market revenue.
UK Skincare Market Segment Insights
UK Skincare Type Insights
The UK Skincare market segmentation, based on power rating includes facial care, lip care, and body care. The facial care segment dominated the market mostly. Since more women use grooming items to improve their looks and self-esteem, the market is expanding rapidly. Women are actively creating calming self-care experiences through at-home skincare routines as a result of the growing importance of self-care. This trend is fuelling the need for face care products with active ingredients that have nourishing and healing qualities.
Figure 1: UK Skincare Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
UK Skincare Category Insights
The UK Skincare market segmentation, based on category, includes premium skincare products and mass skincare products. The premium skincare products category generated the most income. High-end skincare products that are linked to luxury, excellence, and frequently a higher price range are usually included in the premium category. These items may be touted as offering remarkable outcomes and frequently have sophisticated ingredients and exquisite packaging. In the UK, a few well-known high-end skincare brands are Charlotte Tilbury, Elemis, La Mer, and Clarins. Customers seeking a more luxurious and superior skincare experience are typically catered to in the premium market. Furthermore, people who are prepared to make an investment in their skincare regimen are the main target audience for high-end skincare products. This comprises those seeking specialist therapies, cutting-edge anti-aging remedies, and less price-sensitive care.
UK Skincare Distribution Channel Insights
The UK Skincare market segmentation, based on distribution channel, includes specialist retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and other distribution channels. The supermarkets/hypermarkets category generated the most income. Supermarkets and hypermarkets are a good option for all customers since they provide a lot of benefits to customers, like increased worldwide brand visibility, reduced prices, and freedom of choice.
UK Skincare Country Insights
With regard to skincare, the UK is a major player. UK’s economy is the biggest in Europe and among the best in the world. Considerable consumer purchasing power is a result of its robust economy. The consumers are in a better position to spend their money on high-end skincare brands and specialized treatments, due to their increased discretionary income. Furthermore, the UK has a strong retail base that includes department shops, drugstores, pharmacies, specialty skincare boutiques, and internet merchants. Because it is easily accessible, customers may research and buy skincare products from a variety of options, both online and in physical places. Moreover, UK skincare market offers a wide choice of products to suit different skin types, issues, and preferences. This variety includes cleansers, moisturizers, sunscreens, anti-aging treatments, and specialist items like masks and serums. The skincare companies in UK are renowned for offering extensive product lines that cater to all skincare requirements.
UK Skincare Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the skincare market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, skincare industry must offer cost-effective items.
Key Companies in the skincare market include
- Clarins
- Unilever Plc
- Allergan (SkinMedica)
- L'Oreal S.A.
- Procter & Gamble Company
- Environ Skin Care (Pty) Ltd.
- PCA Skin
- SkinCeuticals
- The Estee Lauder Companies Inc.
- Cult Beauty
Skincare Market Segmentation
Skincare Type Outlook
- Facial Care
- Lip Care
- Body Care
Skincare Category Outlook
- Premium Skincare Products
- Mass Skincare Products
Skincare Distribution Channel Outlook
- Specialist Retail Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Pharmacies/Drug Stores
- Online Retail Channels
Other Distribution Channel
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